VIC Where to Invest for below $200k range please?

Discussion in 'Where to Buy' started by Kumar, 24th Apr, 2020.

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  1. Kumar

    Kumar Member

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    Where to Invest for below $200k range please?
     
  2. Propertunity

    Propertunity Exclusive Real Estate Buyers Agent Business Member

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    What are you chasing? Yield or Capital Growth?
     
  3. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    equities once there is a floor ?

    ta
    rolf
     
  4. datto

    datto Well-Known Member

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    In Sydney’s west? Get yourself a time machine.
     
  5. The Y-man

    The Y-man Moderator Staff Member

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    REITs/Commercial prop trusts.

    The Y-man
     
  6. Mick Butterfield

    Mick Butterfield Well-Known Member

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    Maybe something that needs work in Ipswich area?
     
  7. Shogun

    Shogun Well-Known Member

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    Have you done the maths?
    Rent needed to be profitable?
    Sale price in x years time? To sell at profit.
    Most property in that price range is pretty undesired my most
     
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  8. New Town

    New Town Well-Known Member

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    QLD coastal towns are great value.

    But high associated costs, lowish rents and dubious tenancy mix
     
  9. jared7825

    jared7825 Well-Known Member

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    +1 for Qld coastal eg Rockhampton, Townsville etc but don’t expect CG at that range
    Higher rates and insurance the further north from SE corner you go
     
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  10. Ko Ko Naing

    Ko Ko Naing Mortgage Broker Business Member

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    In VIC, Bendigo still has some houses under $200k, but don’t expect it to be too close to the city centre with that budget.
     
  11. Kumar

    Kumar Member

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    Thanks everyone for valuable feedback .
     
  12. Kumar

    Kumar Member

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    Yield maybe .Thanks.
     
  13. Gockie

    Gockie Unicycle - get exhausted but never two tired Premium Member

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    Shares
     
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  14. The Grinch

    The Grinch Well-Known Member

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    Honestly it is hard to provide an answer for you without a bunch of information being given to us. This is kind of Like just asking us to do your homework for you.

    Why a 200k limit? Have you spoken to a broker or lender and been told that this is your capacity?

    What is the purpose of this property? Is this an investment or a place you plan to live?

    Do you plan on inspecting the property? Or are you hoping to be more hands off?

    What are your goals with property investment? Do you plan on just owning one or are you looking to build a portfolio, and if so what exact purpose do you wish for these to provide you.

    Utilise the search bar of this forum, tons of information out there already and to be frank there are no shortcuts in property investment.

    My advice is do your own research, outline your goals clearly and speak with professionals within the industry. Simply asking people what to buy in the 200k range is not going to get you very far if you don't have the knowledge of the fundamentals first.
     
  15. The Grinch

    The Grinch Well-Known Member

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    You really need to have a firm understanding of the risk associated with this and understand the local market for each of these before jumping in.

    Good buys indeed but a savy investor is required in these parts.
     
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  16. Scott No Mates

    Scott No Mates Well-Known Member

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    US of A is the land of opportunity but wait until CV-19 reduces the competition and the AUD bounces back a little.
     
  17. New Town

    New Town Well-Known Member

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    The problem with the cheaper properties is that if the rent is less than say $250pw then up to 60 or 70% of the rent can be consumed by running expenses, repairs and vacancy costs. It may not cover the mortgage repayments.
     
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  18. New Town

    New Town Well-Known Member

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    True, HTW Month in Review has Mackay moving from 8 o'clock start of recovery to 2 o’clock start of decline in one month. Could be a typo?

    Oh and don't go near Cairns at the moment with the current tourism debacle.

    But Bundy, Rocky, Gladstone and Townsville are cheap
     
  19. Propertunity

    Propertunity Exclusive Real Estate Buyers Agent Business Member

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    I don't think it's a typo. This has been a fairly regular occurrence with HTW and one that leaves me generally ignoring them for that reason.
     
  20. Propertunity

    Propertunity Exclusive Real Estate Buyers Agent Business Member

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    Direct purchase of RE is probably the wrong vehicle for yield with only a $200K investment. I'd be using the share market for that, but this is only my personal view, not advice.
    ......and you say "maybe"? Don't you know what your purpose is in investing in the first place? More thinking required.